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Annuities Unveiled

A Guide on Annuities

Annuities are a complicated subject for many, and the jargon around them tends to cause further confusion, rather than clarification. Some of the confusion even comes from the term “annuity” itself, which actually refers to a broad range of financial products. Given all this, we wanted to provide some guidance on the different types of annuities and discuss common features to make this category of financial products easier to understand.

Annuity: A contract between an insurance company and the purchaser.

That definition is simple enough. But there are many different types and subtypes of annuities to add further confusion.

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